Which of the following statements are not correct?
Statement (I): Sustainable development means an attempt to achieve the balance between economic growth and conservation / protection of environment.
Statement (II): Sustainable development means meeting the needs of industries without compromising the needs of import - export balancing.
Statement (III): Sustainable development means creation of sufficient surplus budgets through stock of capital assets including land.
Code:

Correct option is B

The correct answer is (b) Statements (II) and (III).
Sustainable development is a holistic approach defined by the Brundtland Commission as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Statement (I) is correct because it emphasizes the equilibrium between economic progress and environmental stewardship.
However, Statement (II) is incorrect as sustainable development focuses on human needs and ecological health, not specifically on industrial quotas or trade balances. Statement (III) is also incorrect because it prioritizes financial surplus and capital accumulation, whereas true sustainability values "natural capital" and social equity over mere budgetary growth.
INFORMATION BOOSTER
· The concept was popularized by the 1987 Brundtland Report.
· It rests on three pillars: Economic, Social, and Environmental.
· It advocates for the intergenerational equity of resources.
· Sustainable development goals (SDGs) aim to eradicate poverty while protecting the planet.